Multibagger stock: Shares of this PSU civil construction company gained more than 9 per cent; hits fresh 52-week high today!

Shares of the company have jumped more than 85 per cent in the last one month.

Shares of Rail Vikas Nigam Limited made a new 52-week high, gaining more than 9 per cent in today’s trade. In the last one month, shares of the company have gained more than 85 per cent.  

The stock has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 32.85 on April 21, 2022, to Rs 141.85 on May 05, 2023, an increase of more than 300 per cent. The stock has shown tremendous growth and has given multibagger returns to its shareholders in one year holding period. 

RVNL was incorporated in 2003 by the Government of India and is engaged in implementing various types of railway infrastructure projects, including laying new railway lines, railway infrastructure, and gauge conversion. The company recently got a Navratna status from the Government of India. 

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Today, the stock opened at Rs 128.60, with a high and low of Rs 142.25 and Rs 126.45. The stock closed trading at Rs 141.85, up by 9.66 per cent.        

The stock has a 52-week high of Rs 142.25 and a 52-week low of Rs 29.00. The company has a ROCE of 16.8 per cent and an ROE of 19.7 per cent with a market capitalisation of Rs 29,576 crore.